J Scott- I've just made the decision to not argue with you.

I also had a $15k HELOC from the old house, and this is the beauty in the value of home ownership that I would argue with anyone who says buying a home for personal residence is not a good investment.The Homepath house needed almost no work because Homepath often comes in and does a full cosmetic rehab on some of their houses (there is an icon in the listing that indicates it was done this way.)  

To show our appreciation I have placed $2500 in credit with ABC travel that you can use anytime in the next 12 months. 

With higher quality (but also higher cost/unit) SFRs, you don't need to ramp up to 100+ units in order to throw off some serious profits, and since your number of units is lower and the quality of tenants much higher, it is far more passive than lower end SFR and I'd argue even more passive than MFUs.

Except as provided in § 1.162-3 (relating to materials and supplies) and in § 1.263(a)-1(f) (providing a de minimis safe harbor election), a taxpayer must capitalize amounts paid to acquire or produce a unit of real or personal propertyThen it goes on to list your previously mentioned Examples 10 and 11.... the logic is pretty obvious that the de minimis exception supersedes the requirements in those examples.How can you argue against that?

I also work a FT W-2 job.Although I know that just following the Great Recession was the bottom of the last cycle and and some might argue that we're near the top now, I'm still interested and bullish about investing.Current deal:I participated in my local county's tax-defaulted property auction through bid4assests.com in April.

Many claim that the LLC is the ultimate entity, arguing that it offers the best advantages of both Corporations and partnerships and few of the disadvantages.

However, the tenant (the customer) doesn't seem to get much out of the RE business.Now, I know many of us will argue that the value our tenants get, is the opportunity to live in our properties, but surely there is more value that we add than just providing a roof over their heads.Thus, if you as an investor, believe that your business practices and investments are adding value to all the stakeholders involved, then please share.

The blanket policy does keep everything consistent, and it's hard to argue with that.

I just purchased a triplex and the new tenant just informed me that the neighbor gets drunk and argues with his wife nightly for 1-3 hours.